Jackie Stewart is the executive editor of American Banker Magazine. Previously, she covered breaking news, community banks and mergers and acquisitions for American Banker before being named as the managing editor of the Credit Union Journal. After graduating from Northwestern University in 2006, Jackie taught for two years in the Bronx, N.Y., through Teach for America.
First California Financial Group Inc. in Westlake Village, Calif., has agreed to buy a small California bank about a month after announcing that it had hired an investment bank to explore its options.
First Republic Bank in San Francisco said certain shareholders, including members of its management team, will sell up to 11.8 million shares of common stock in a secondary offering.
PrivateBancorp Inc. has named a president of personal client services to oversee a new line of business that combines some of the Chicago company's offerings.
North Carolina Gov. Bev Perdue said Tuesday that she has nominated Ray Grace to take over as the state's banking commissioner.
James E. Young, the longtime president and chief executive of Citizens Trust Bank in Atlanta, died on Monday after a brief battle with cancer. He was 62.
Crunching the numbers on real estate loans for Basel, Dodd-Frank and Consumer Credit Protection Act purposes.
People's United has agreed to pay $3.25 million to acquire Citizens Financial' 52 branches inside Stop & Shop supermarkets on Long Island and elsewhere in New York, plus four traditional branches.
New tools to include "sandboxing" that prevents corporate email from being forwarded from a personal mailbox.
The Federal Reserve Board will terminate an agreement with Associated Banc-Corp next month as the Green Bay, Wis., company entered into a different order with another regulator.
Southcoast Financial Corp. in Mt. Pleasant, S.C., reported a fourth-quarter loss of $4.8 million, or nearly five times larger than what it lost a year earlier.
International Bancshares Corp. in Laredo, Texas, reported that its fourth-quarter earnings fell less than 1% from a year earlier, to $27 million, as both income and expenses declined.
More consumers are completing banking transactions, like paying a bill, through online and mobile services, a new survey from Fiserv has found.
Flagstar Bancorp Inc. reported $29.1 million more in losses for the fourth quarter and full year after agreeing to pay up to $133 million to settle claims regarding loans insured by the Federal Housing Administration.
Prosperity Bancshares Inc. in Houston has struck another deal in Texas, announcing Monday that it would buy American State Financial Corp. in Lubbock for about $528 million in cash and stock.
The amount the Michigan company ends up paying will depend on whether its financial footing improves.
The Federal Deposit Insurance Corp. issued prompt corrective actions against five banks in January, telling them to either raise capital or be acquired by another institution.
Bank of America Corp. is switching its U.S. employees to a single defined contribution retirement plan at the end of the second quarter.
Atlantic Coast Financial Corp. in Jacksonville, Fla., reported a loss of $4 million in the fourth quarter, compared with a loss of $5.2 million a year earlier, as its expenses and loan-loss provision declined.
Commerce National Bank & Trust in Winter Park, Fla., has entered into a consent order with the Officer of the Comptroller of the Currency that requires it to clean up its loan portfolio and bolster its capital levels.
Software lets small business set up mobile storefronts and process mobile payments.
